Loading ...Looking at the chart of GLD, we had a selloff last year at almost the exact same time in early February. It took about a week to bottom out before we proceeded to rally almost $300 to (almost to $2100).
Hoping this plays out the same way as last year. The scary thing is that we’ve already rallied 12 weeks, which is the longest duration in any rally since Covid. Hard to believe it’s been 12 weeks already.
Where do we go from here? Higher highs or do we rollover and flop?
Always a guessing game with pm’s, the rig makes it tough.